MOTHER and DADDY cryptocurrencies experienced strong selling pressure on Friday. 😱 DADDY fell more than 20%, reaching an all-time low of $0.074. MOTHER, backed by rapper Iggy Azalea, fell to $0.0666.

The tokens failed despite being available on the Wintermute platform and listing on Coins.ph.

The decline in DADDY and MOTHER occurred amid growing fear in the crypto market. The cryptocurrency fear and greed index retreated to a neutral level of 52.

Bitcoin and altcoins also crashed. Bitcoin fell to $63,000, its lowest point since May 15. Other major coins such as Chainlink, Solana and Cardano also suffered losses.

The question is whether DADDY and MOTHER tokens will rebound or continue to fall. Some optimists, such as billionaire Michael Novogratz, believe Bitcoin has a chance of recovering to $100,000.